China Orient Asset Management

Not to be confused with Orient Group or Orient Securities.

China Orient Asset Management Co., Ltd. is a Chinese distressed asset management company headquartered in Beijing. The company is an asset management company and a merchant bank originated as a bad bank for the Bank of China. The bank received shares from debt-to-equity swap of non-performing loans. It is a state-owned enterprise.

China Orient Asset Management
中国东方资产管理股份有限公司

COAMC logo
COAMC Building
Formerly	China Orient Asset Management Corporation
Company type	state-owned enterprise
Industry	Financial services
Founded	1999; 26 years ago (1999)
Headquarters	Beijing , China
Area served	China
Services	merchant bank asset management Credit rating
Revenue	CN¥12.7 billion (2012)
Operating income	CN¥4.0 billion (2012)
Net income	CN¥12.35 billion (2017)
Total assets	CN¥979.22 billion (2017)
Total equity	CN¥18.4 billion (2012)
Owner	Ministry of Finance of China National Social Security Fund
Parent	Ministry of Finance of China
Website	coamc.com.cn
Footnotes / references in a consolidated basis, commercial sector only[1]

China Orient Asset Management Co., Ltd.
Simplified Chinese	中国东方资产管理股份有限公司
Traditional Chinese	中國東方資產管理股份有限公司
Transcriptions Standard Mandarin Hanyu Pinyin Zhōngguó Dōngfāng zīchǎn guǎnlǐ gǔfèn yǒuxiàn gōngsī
Alternative Chinese name
Simplified Chinese	东方资产
Traditional Chinese	東方資產
Literal meaning	Orient Asset
Transcriptions Standard Mandarin Hanyu Pinyin Dōngfāng zīchǎn

The corporation runs in two major business units since 2006, one for general commercial activities (Chinese: 商业化业务), one for the management of the shares that converted from non-performing loans (Chinese: 政策性不良资产处置业务), which was classified as assets under management.^[1]

In 2016 the corporation was re-incorporated as a "company limited by shares" (Chinese: 股份有限公司): China Orient Asset Management Co., Ltd. (Chinese: 中国东方资产管理股份有限公司) from China Orient Asset Management Corporation (COAMC, Chinese: 中国东方资产管理公司).^[2] the National Social Security Fund and the Ministry of Finance were the shareholders. According to the company's news press, as of 30 June 2016 its net assets stood at CN¥55.6 billion. The former non-performing assets under management were converted to share capital, raising from CN¥10 billion to CN¥55.363 billion.^[3]

History

Founded as a bad bank of Bank of China, Orient Asset also received Bank of China's asset management subsidiary Bangxin Asset Management in 2000, which itself was incorporated in 1994 as a subsidiary of BoC Shenzhen branch.^[4]

In 2015 the group expanded as a full service financial conglomerate by acquiring the Bank of Dalian.^[5]

Subsidiaries

• Doho Data Consulting Company
• Dong Yin Development (Holdings) (100%)^[6]
  • Wise Leader Assets (100%)^[6]
  • China Orient Asset Management (International) Holding (Chinese: 中国东方资产管理(国际)控股有限公司, 100%)^[6]
    • China Orient Ruichen Capital (Chinese: 东方瑞宸基金管理有限公司, 40%)^[7]
    • China Orient Summit Capital International (Chinese: 东方藏山资产管理有限公司, 40%)^[6]
      • China Orient Summit Capital Special Situations Fund (100%)^[6][8]
• Charming Light Investments (SPV for dim sum bond SEHK: 85723)^[9]
• Bangxin Asset Management (100%)
• Bank of Dalian (39.70%)
• China United Insurance Holding (51.01%)^[10]
• Dongxing Securities (58.09%, SSE: 601198)^[11]
• Chinese: 东方金诚 (a Credit rating service provider)

Portfolio companies

• Baiyin Nonferrous (0.63%)
• Dongbei Special Steel (16.6740%)^[12]
• Meishan Iron and Steel (7.02%)^[13]
• Shandong Jining Ruyi Woolen Textile (12.24%, SZSE: 002193)^[14]
• Shanghai Zendai Property (via COS Greater China Special Situations Fund for 18.17%, SEHK: 755)^[6]
• Tianjin Pipe Corporation (3.03%)^[15]
• Xishan Coal Electricity Group (5.67%)^[16]

Former portfolio companies

• China Kejian Co., Ltd. (SZSE: 000035)^[17]
• Dongfeng Motor Group (2001–2004)^[18]
• Rising Nonferrous Metals (SSE: 600259)^[19][20]